UGI (NYSE:UGI) Given New $54.00 Price Target at UBS Group

UGI (NYSE:UGI) had its price target dropped by equities research analysts at UBS Group from $56.00 to $54.00 in a report released on Wednesday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price points to a potential upside of 26.17% from the stock’s previous close.

A number of other brokerages have also recently issued reports on UGI. Barclays reissued a “sell” rating and set a $50.00 price target on shares of UGI in a research report on Wednesday, October 16th. TheStreet cut shares of UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. UGI currently has a consensus rating of “Hold” and an average price target of $55.50.

UGI opened at $42.80 on Wednesday. The stock has a fifty day simple moving average of $45.88 and a two-hundred day simple moving average of $49.58. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 18.77 and a beta of 0.50. UGI has a 12-month low of $40.52 and a 12-month high of $59.31.

UGI (NYSE:UGI) last announced its earnings results on Monday, November 11th. The utilities provider reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.28 billion. UGI had a net margin of 3.50% and a return on equity of 8.83%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 EPS. On average, analysts predict that UGI will post 2.76 EPS for the current year.

In other news, EVP Roger Perreault acquired 2,357 shares of UGI stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $42.45 per share, for a total transaction of $100,054.65. Following the purchase, the executive vice president now owns 25,481 shares in the company, valued at $1,081,668.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank S. Hermance acquired 93,731 shares of UGI stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $42.48 per share, with a total value of $3,981,692.88. Following the completion of the purchase, the director now owns 343,731 shares in the company, valued at approximately $14,601,692.88. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of UGI by 214.8% during the third quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 391 shares in the last quarter. Atwater Malick LLC purchased a new stake in UGI during the 3rd quarter valued at $31,000. Liberty Wealth Management LLC purchased a new stake in UGI during the 3rd quarter valued at $31,000. Financial Architects Inc increased its holdings in shares of UGI by 134.9% in the 3rd quarter. Financial Architects Inc now owns 754 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 433 shares in the last quarter. Finally, Bogart Wealth LLC bought a new stake in shares of UGI in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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